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Xiao-I Corporation - AIXI STOCK NEWS

Welcome to our dedicated page for Xiao-I Corporation news (Ticker: AIXI), a resource for investors and traders seeking the latest updates and insights on Xiao-I Corporation stock.

XIAO-I Corporation (NASDAQ: AIXI) is a leading cognitive artificial intelligence (AI) enterprise based in China, dedicated to the development and commercialization of AI technologies. Founded in 2001, the company has established itself as a pioneer in AI, focusing on natural language processing (NLP), speech processing, computer vision, machine learning, affective computing, data intelligence, and hyper-automation.

Xiao-I's core offering is its AI Cognitive Intelligence Platform, which integrates these advanced technologies to create innovative solutions across various industries. The company serves diverse fields including AI+ Contact Center, AI+ Finance, AI+ City Public Service, AI+ Architecture, AI+ Metaverse, AI+ Manufacturing, and AI+ Healthcare.

Recent collaborations highlight Xiao-I's commitment to advancing AI applications. For instance, its strategic partnership with Nexify Limited led to the successful implementation of the Hua Zang Universal Large Language Model (LLM) for large-scale civic hearings, enhancing user engagement and information analysis. Another notable project is the launch of Hearview, AI-empowered glasses aimed at improving communication for the deaf community by converting spoken words into text displayed on the lenses.

The company also partnered with a major Chinese bank's credit card center to deploy its Smart Coach system, revolutionizing customer service training through advanced AI-driven methodologies. This collaboration underscores Xiao-I's role in enhancing operational efficiency and service quality in the financial sector.

Xiao-I continues to innovate with its AI-driven knowledge management systems, partnering with a leading telecommunications company and a global health technology firm to streamline information management and improve operational efficiencies. The company's solutions support intelligent knowledge operations, multi-language processing, and real-time updates, ensuring that clients maintain a competitive edge.

Moreover, Xiao-I's AI solutions are transforming e-commerce customer service. Through partnerships with global e-commerce giants, the company introduced Smart Outbound Call and Smart Interactive Voice Response (IVR) systems, significantly enhancing customer interaction and reducing operational costs.

As part of its strategic expansion into the B2C market, Xiao-I launched three innovative AI-powered products in May 2024: Try on Today (TOTD) for virtual fashion try-ons, Daily Invest Focus (DIF) for individual investment insights, and Hearview for the deaf community.

With a strong foundation in AI research and development, Xiao-I is poised to continue leading the global AI industry, driving industrial digitization, intelligent upgrading, and transformation. For more information, please visit www.xiaoi.com.

Rhea-AI Summary

Xiao-I (NASDAQ: AIXI) has partnered with a leading telecommunications provider to deploy its advanced AI Chatbot solution in Q2 2024. This strategic collaboration aims to enhance customer service operations by improving service efficiency, reducing costs, and providing round-the-clock personalized support. Tailored for enterprise-level Maas (Model as a Service), Xiao-I's chatbot offers controlled responses, customization based on business needs, and rapid deployment. By automating repetitive tasks, the chatbot allows human agents to handle more complex issues, thus increasing overall service efficiency and customer satisfaction. The deployment on WhatsApp marks a significant advancement in customer service, setting a new industry standard.

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Xiao-I (NASDAQ: AIXI) has entered a strategic partnership with a major government agency in Hong Kong to implement an advanced AI Chatbot solution. This collaboration aims to enhance the agency's customer service by addressing challenges such as complex policy explanations, high service demand, and multilingual communication needs. The AI chatbot will streamline processes, improve efficiency, and provide personalized responses. This integration is expected to reduce operational costs, improve response times, and offer 24/7 support, ultimately boosting overall customer satisfaction and service quality.

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On June 20, 2024, Xiao-I (NASDAQ: AIXI) announced a significant contract with an international insurance provider based in China. This deal focuses on utilizing Xiao-I's advanced AI solutions to enhance operational efficiencies in the insurance sector. The contract includes three key AI products: Smart Outbound Call, AI Chatbot, and Intelligent Knowledge Management. These solutions aim to handle multilingual support, high inquiry volumes, data privacy, and 24/7 personalized support, thereby improving customer satisfaction and operational efficiency. Xiao-I's AI products are designed to streamline processes, reduce costs, and enhance the overall customer experience.

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Xiao-I (NASDAQ: AIXI) announced the closing of a $3,260,870 Senior Convertible Notes Offering. The Notes, with an 8% Original Issue Discount, are convertible into the Company's ordinary shares as American Depositary Shares (ADS). Additionally, 1,000,002 ADS were offered at par, representing 333,334 ordinary shares, for gross proceeds of $2,994,945. After expenses, net proceeds were approximately $2,496,945. The funds will be used for working capital and general corporate purposes. FT Global Capital Inc. acted as the exclusive placement agent.

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Xiao-I (NASDAQ: AIXI) has announced a securities purchase agreement with an institutional investor to issue and sell senior convertible notes valued at $3,260,870. The notes come with an 8% original issue discount and are convertible into Xiao-I's ordinary shares at $1.00 per ADS, bearing an interest rate of 6.0% per annum, which can increase to 15% during an event of default. The notes mature 360 days from issuance. Concurrently, Xiao-I is offering 1,000,002 additional ADS at par to facilitate conversion deliveries. The offering is expected to close around June 17, 2024, subject to customary conditions, with proceeds intended for working capital and corporate purposes.

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Xiao-I (NASDAQ: AIXI) has secured a key contract with an international engineering consulting firm within a major energy conglomerate. This agreement aims to leverage Xiao-I's AI-powered Smart Outbound Call solution to automate the expert invitation process, which currently involves manually notifying tens of thousands of experts annually. The solution uses the Hua Zang Large Language Model (LLM), integrating Natural Language Understanding, Speech Recognition and Synthesis, Dialogue Management, and Machine Learning technologies for enhanced performance and reduced delivery costs. This collaboration highlights Xiao-I's commitment to operational efficiency and quality service in the energy sector.

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Xiao-I (NASDAQ: AIXI), a leading AI company, has entered a strategic partnership with a prominent AI company in the Middle East to develop AI enterprise solutions in the UAE. Xiao-I has recently established a subsidiary in Abu Dhabi, which will act as a hub for AI innovation and collaboration in the region. This partnership aims to combine the strengths of both companies to meet the rising demand for AI solutions in the UAE. Xiao-I's expertise in AI, coupled with its strategy of international expansion, highlights its commitment to delivering transformative AI solutions globally. The collaboration underscores Xiao-I's proactive approach to global AI opportunities and its dedication to responsible AI deployment, aiming to contribute significantly to the technological development of the Middle East and drive positive societal impact.

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Xiao-I (NASDAQ: AIXI), a leading AI company, has secured a contract with a major multinational conglomerate in the health technology sector based in China. This partnership aims to enhance knowledge management practices within the consumer electronics and health technology industries. Xiao-I's Intelligent Knowledge Management Platform offers AI-assisted content editing, intelligent search, and multi-scenario application tools to streamline processes and foster cross-functional collaboration. The platform's features include intelligent knowledge operations, efficient process approval, and multi-channel knowledge push, ensuring up-to-date and relevant information. This collaboration represents a significant advancement in the use of AI to improve knowledge management strategies in these dynamic industries.

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Xiao-I (NASDAQ: AIXI) announced a partnership with a leading global e-commerce giant to enhance customer service using AI solutions. The collaboration aims to address key challenges in e-commerce customer support, such as high call volumes and the need for personalized service. Xiao-I's solutions, powered by the Hua Zang Large Language Model, include Smart Outbound Call and Smart Interactive Voice Response (Smart IVR). These solutions promise up to a fourfold increase in business efficiency and an 80% reduction in costs compared to traditional methods. The Smart IVR solution aims to enhance call center capacity, reduce wait times, and improve operational efficiency. This partnership represents a significant development in the application of AI in e-commerce customer service.

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Rhea-AI Summary

Xiao-I (NASDAQ:AIXI), a leading cognitive AI enterprise in China, announced its expansion into the B2C market with three innovative product launches in May 2024. These products are Try on Today (TOTD), Daily Invest Focus (DIF), and Hearview. TOTD offers AI-powered virtual try-ons for fashion, DIF provides comprehensive market analysis for individual investors, and Hearview converts speech to text for the deaf community. This strategic move aims to harness the growing integration of AI in daily lives, leveraging Xiao-I's extensive expertise and commitment to innovation.

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FAQ

What does XIAO-I Corporation specialize in?

XIAO-I Corporation specializes in cognitive artificial intelligence (AI) technologies, including natural language processing, speech processing, computer vision, machine learning, affective computing, data intelligence, and hyper-automation.

What are some recent achievements of XIAO-I Corporation?

Recent achievements include strategic partnerships with Nexify Limited for civic hearings, launching AI-powered glasses Hearview for the deaf community, and deploying the Smart Coach system for a major Chinese bank's customer service training.

What industries does XIAO-I serve?

XIAO-I serves several industries including contact centers, finance, public services, architecture, the metaverse, manufacturing, and healthcare.

How does XIAO-I's AI platform benefit e-commerce?

XIAO-I's AI platform benefits e-commerce through solutions like Smart Outbound Call and Smart IVR, which enhance customer interaction, reduce operational costs, and improve service efficiency.

What is the Hua Zang Universal LLM?

The Hua Zang Universal LLM is a large language model developed by XIAO-I, used to enhance AI capabilities in various applications, such as civic hearings, customer service, and knowledge management.

What is the Hearview product?

Hearview is an AI-empowered pair of glasses designed to assist deaf individuals by converting speech into text, facilitating better communication and participation in daily activities.

What new products has XIAO-I launched recently?

In May 2024, XIAO-I launched three new products: Try on Today (TOTD), Daily Invest Focus (DIF), and Hearview, catering to fashion, investment, and the deaf community, respectively.

How does XIAO-I's knowledge management system work?

XIAO-I's knowledge management system uses AI to automate content editing, classification, and retrieval, enhancing efficiency and ensuring up-to-date and accurate information for businesses.

What is the Smart Coach system?

The Smart Coach system is an AI-driven customer service training platform that provides scenario-based Q&A, real-time updates, and personalized training sessions to improve service quality and efficiency.

Where can I find more information about XIAO-I's products and services?

More information about XIAO-I's products and services can be found on their official website at www.xiaoi.com.

Xiao-I Corporation

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